<ul><li>Dabur is expected to see around 11% dip in its profit, compared to the same quarter last year.</li><li>According to HDFC Securities, Dabur’s Glucose and Chyawanprash saw market share gains, with Chyawanprash market share increasing by 4% of its pre-COVID level. </li><li>Dabur’s share price has gained only about 5% since March 31.</li></ul>Ayurvedic products have gained limelight during this COVID-19 pandemic. And while the debate rages on what helps boost immunity better - tulsi, giloy or turmeric, one age old product that has been a clear winner is 136-year old <keyword id="1100360" type="PERSON" weightage="20" keywordseo="Dabur-Chyawanprash">Dabur Chyawanprash</keyword>. The quarter under review was different from normal for Dabur as the summers usually do not witness such demand for its ayurvedic products. The company said it recorded <a href="https://www.business-standard.com/article/companies/dabur-himalaya-witness-spike-in-sales-of-ayurvedic-products-amid-covid-19-120042901042_1.html">strong growth in enquiries and demand for its Ayurvedic products</a> across its portfolio, including Chyawanprash, a dietary supplement⁠— based on Ayurvedic texts ⁠— that has everything from sugar, honey, ghee, Indian Gooseberry (amla) jam, sesame oil, berries to various herbs and spices in the past three months. According to HDFC Securities, Dabur’s Glucose and Chyawanprash saw market share gains, with Chyawanprash market share increasing by 4% of its pre-COVID level. Supply chain disruption impacted all This lockdown due to COVID-19 pandemic has disrupted the supply chain for almost every fast-moving consumer goods company, and Dabur wasn’t immune to it either. Unlike Britannia, Dabur doesn’t have a strong direct distribution model, and as a result it faced many constraints. The pent up demand for its ayurvedic products is expected to help it steer through difficult times. However, the lost sales will still have a considerable impact on its profit, according to reports. According to various analysts reports, Dabur is expected to see around 11% dip in its profit, compared to the same quarter last year. <table style="border-width: initial; border-style: none;"><colgroup></colgroup><col /><col /><tbody><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Brokerage </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Profit growth % (expected) </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Edelweiss </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-7.60% </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">JM Financials </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-12.20% </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Motilal Oswal </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-13.20% </td></tr></tbody></table> The company during its <a href="https://www.bseindia.com/xml-data/corpfiling/AttachLive/caebb572-d1c1-49d3-a3f7-e22a72a695dd.pdf">fourth-quarter earnings</a> also said that “The nationwide lockdown ordered by the government of India has resulted in a significant reduction in economic activities and also the business operations of the company in terms of sales and production.” And that is the reason why the stock hasn’t seen a rally in comparison to its peers. The stock has gained only about 5% since March 31. <div type="image" title="Dabur Share price" msid="77234033" hostid="261"></div> But Arihant Capital thinks that the inventory may fare out better after the government eased restrictions on essentials. “Many products of the healthcare range were earlier not part of essentials, but the government later included them into essentials. Therefore, the healthcare range can do well in the coming quarters. ” The coronavirus pandemic has brought a massive change in consumer lifestyles— which saw a large shift towards Ayurvedic medicines and products, according to Euromonitor International. A wave of Indian consumers who prefer tags like organic and ayurvedic products are sweeping products like the Chyawanprash off the shelves. According to Motilal Oswal report, Dabur’s total distribution reach stands at 6.4m outlets, including direct reach at 1.2m. The company aims to increase direct reach to 1.5m outlets over the next couple of years, which would be a key advantage. SEE ALSO: <a href="https://www.businessinsider.in/india/news/indigo-airlines-first-quarter-preview-and-share-price-chart/articleshow/77219527.cms" data-type="tilCustomLink">IndiGo’s ‘grounded quarter’ may lead to more loss than all the profit in the last three years</a> <a href="https://www.businessinsider.in/business/news/covid-19-and-a-failed-merger-alter-yatras-journey-the-offerings-look-a-lot-different-now/articleshow/77233422.cms" data-type="tilCustomLink">Covid-19 and a failed merger alter Yatra’s journey – the offerings look a lot different now</a>

Dabur Glucose and Chyawanprash to boost its immunity in the times of coronavirus

<ul><li>According to various analysts reports, <keyword id="62997" type="COMPANY" weightage="20" keywordseo="Dabur">Dabur</keyword> is estimated to see revenue growth of nearly 8.4% and profit growth of 14.7% in the second quarter. </li><li>Dabur’s share price has gained over 9% since the beginning of the quarter. </li><li>Brokerages highlighted that low commodity prices have led to significant margin visibility for Dabur.</li></ul>The COVID-19 pandemic led to a surge in demand for Ayurvedic and immunity-boosting products. And the 136-year old ‘custodian of ayurveda’ will continue to reap the benefits of this accelerated shift in consumers’ preferences. Dabur has a whole host of catalysts working in its favour, including strong traction in healthcare products and strong recovery in rural demand. According to various analysts reports, Dabur is projected to see revenue growth of nearly 8.4% and profit growth of 14.7%. Q2 earnings estimates <table style="border-width: initial; border-style: none;"><colgroup></colgroup><col /><col /><col /><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Brokerages on Dabur </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Expected Revenue Growth </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Expected Net Profit Growth </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">B&amp;K Securities </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">8.80% </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">18.50% </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IIFL </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">10% </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">15.80% </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ICICI Securities </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">6.5% </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">9.80% </td></tr></tbody></table> Personal care products led the recovery; demand for immunity products has not moderated yet While immunity-boosting products like Glucose and <keyword id="539809" type="PERSON" weightage="20" keywordseo="chyawanprash">Chyawanprash</keyword> have shined in Dabur’s portfolio in the past nine months, the demand for those has not moderated yet. The healthcare segment plays an essential role in Dabur’s portfolio — as nearly 38% of its total sales come from its health care portfolio. With the increasing consumer preference for health supplements, Ventura believes that Dabur is poised to grow further. <div type="image" title="Dabur&amp;#39;s portfolio" msid="79001010" hostid="261"></div> The company also saw a high demand for its hair oil and personal care products, which largely remained muted during the lockdown and the early phases of unlocking, according to B&amp;K Securities. Ventura's report dated September 21 also highlighted that the “essential categories like oral care, health care, and other essentials witnessed a V shape recovery.” Great margin visibility led by robust volume growth Brokerages have also highlighted that there is significant margin visibility for Dabur led by the low commodity prices, along with the high-margin healthcare products. The company took some price hikes to offset the inflation in agriculture-based commodities. According to IIFL Securities, Dabur is slated to see over 5% sales and volume growth in the quarter. Rural market resilience In the first quarter, nearly 48% of revenue contribution for Dabur came from rural sales. According to Axis, with rural growth ahead of urban areas, Dabur could be a huge beneficiary of this improving demand trend. Various factors, such as better than expected monsoon, government support through increased allocation to MGNREGA will play its part in Dabur’s second quarter earnings. Record highs Not only brokerages but investors too have been betting big on Dabur on the back of ‘<a href="https://www.businessinsider.in/business/corporates/news/dabur-surges-to-record-high-as-investors-are-optimistic-about-the-recovery-play/articleshow/78513562.cms">recovery play</a>.’ Its shares recently hit a new high of ₹528 on NSE. Dabur has gained over 9% since the beginning of the quarter. <div type="image" title="Dabur" msid="79001034" hostid="261"></div> SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/hero-motocorp-shares-gain-after-it-logs-highest-ever-sales-in-october/articleshow/78992126.cms">Hero Motocorp shares gain after it logs ‘highest-ever’ sales in October</a> <a href="https://www.businessinsider.in/business/news/former-hdfc-bank-ceo-aditya-puri-joins-carlyle-group-as-senior-advisor/articleshow/78991270.cms">Former HDFC Bank CEO Aditya Puri joins Carlyle Group — will advise the global investment firm on Asia bets</a>

Healthcare and rural recovery to boost Dabur’s immunity in the second quarter

<ul><li>Dabur's share price has surged nearly 17.12% since March 31, taking its total market capitalization to a record high of ₹93,200 crore. </li><li>According to Edelweiss, Dabur’s e-commerce business has more than doubled YoY, with its contribution going up from 1.5% to 5.6% during the lockdown period. </li><li>Marico, in its September 2020 quarter performance and demand trends yesterday, said the company had witnessed a partial revival in the consumer sentiments in the second quarter after being impacted by the COVID-19 pandemic.</li></ul>Like all other sectors, FMCG also bore the brunt of the COVID-19 led slowdown in the first quarter of this fiscal year. But with the gradual unlocking of the economy, the business has picked up momentum — led by favourable monsoon and the onset of the festival season. FMCG companies around the country are operating at 100% production capacity. And Marico’s September quarter performance and demand trends affirm the recovery of consumer sentiment. The company said its “foods portfolio, riding the tailwind and on the back of innovations, continued its momentum and registered exponential growth in line with the company’s near-term expectations.” What’s working for Dabur? Just not Marico, the 136-year old Dabur— which was mostly dependent on its Glucose and Chyawanprash for revenue in the past six months as Ayurvedic products gained limelight, experienced a similar uptrend in its sales. According to a Ventura report dated September 21, for Dabur, “the essential categories like oral care, health care, and other essentials witnessed a V shape recovery. On the other hand, discretionary categories like grooming, health care, skincare, and international business have been slow to recover.” For Dabur, the brokerages are optimistic about recovery, as 38% of its total sales come from its health care portfolio. With the increasing consumer preference for health supplements, Ventura believes that Dabur is poised to grow further. According to the Edelweiss report dated September 25, Dabur will continue to benefit from the ayurvedic platform's limelight. Dabur's products, such as chyawanprash, Ayush Kwath, Samshamani vati, mulethi powder, are projected to see record sales with the arrival of the winter season. Dabur also utilised the pandemic as an opportunity and launched products that were the need of the hour, such as its aerosol-based sanitiser with fragrance. It has improved its online presence with the e-commerce contribution from 1.5% of the pre-COVID level to 5.6%. FMCG companies’ shares mirror the recovery optimism The broader Nifty FMCG index has climbed nearly 10% since the March-lows. Dabur has hit a record high in trade today (October 7). In fact, since March, Dabur has gained 17.12%, taking its total market capitalisation to a new high of ₹93,200 crore. And, the ICICI Securities has a ‘Buy’ call for Dabur with a target price of ₹554— that is an upside of 6% considering October 5 closing price. <table style="border-width: initial; border-style: none;"><colgroup></colgroup><col /><col /><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Companies </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Stock change since March 31 </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Britannia Industries </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">40.48% </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Marico </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">35.53% </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Dabur </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">17.12% </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HUL </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-7.68% </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Nestlé India </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-2.45% </td></tr></tbody></table> SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/news/dabur-india-from-coronavirus-hit-quarter-with-a-bigger-market-for-dabur-chyawanprash-and-dabur-honey/articleshow/77259855.cms" data-type="tilCustomLink">Dabur emerges from COVID-19 hit quarter with a bigger market for Chyawanprash and Dabur Honey</a> <a href="https://www.businessinsider.in/business/corporates/news/tcs-expected-to-post-higher-revenue-and-margins-led-by-a-streak-of-deal-wins-over-the-last-three-months/articleshow/78511834.cms" data-type="tilCustomLink">TCS expected to post higher revenue and margins led by a streak of deal wins over the last three months</a>

Dabur surges to record high as investors are optimistic about the ‘recovery play’

<ul><li><keyword id="62997" type="CITY" weightage="20" keywordseo="Dabur">Dabur</keyword>’s <keyword id="645414" type="PERSON" weightage="20" keywordseo="consolidated-net-profit">consolidated net profit</keyword> was down about 24%, at ₹281.60 crore between January and March 2020.</li><li>The company’s total revenue was down 12.3% to ₹1,865.36 crore during Q4 compared to the same quarter last year.</li><li>The company’s share price dropped over a percent ahead of the <keyword id="6357061" type="SPONSORED" weightage="20" keywordseo="earnings">earnings</keyword>.</li><li>“The outbreak of Covid-19 pandemic is causing significant disturbance and slowdown of economic activities globally,” the company said.</li></ul>Dabur, one of India’s largest fast-moving consumer goods (FMCG) companies, reported a drop of about 24% in its consolidated net profit, at ₹281.60 crore between January and March 2020 compared to the same quarter last year. “Dabur 4QFY20 results were lower than ours, and consensus estimates primarily due to loss of sale (₹3.6bn) owing to supply chain disruption towards the mid-march which led to lower stocking up of summer portfolio (Glucose D, Pudin Hara, Juices, Health supplements) ahead of peak season,” said Phillip Capital, an equity research firm. “The outbreak of Covid-19 pandemic is causing significant disturbance and slowdown of economic activities globally. The nationwide lockdown ordered by the Government of India has resulted in a significant reduction in economic activities and also the business operations of the company in terms of sales and production,” the company said in <a target="_blank" href="https://www.bseindia.com/xml-data/corpfiling/AttachLive/caebb572-d1c1-49d3-a3f7-e22a72a695dd.pdf" class="_e75a791d-denali-editor-page-rtfLink">fourth-quarter earnings</a>. Dabur’s revenue from operations was down 12.3% to ₹1,865.36 crore in Q4 compared to the same quarter last year. Philip capital in its report said Dabur in the May month had seen 80-90% of consumer demand coming back to the levels which existed prior to the breakout of COVID-19. However, Dabur said it expects the impact of COVID-19 to continue in the coming quarter — forecast a dip in its operating revenue to be in the range of ₹400 to ₹450 crore. It also expects net profit to take a hit of ₹60 to ₹80 crore. That’s about a 25% fall compared to the latest quarterly revenue. <table style="border-width: initial; border-style: none;"><colgroup></colgroup><col /><col /><tbody><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Dabur </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q4 Growth (YoY) </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Revenue </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-12.30% </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Profit </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-24% </td></tr></tbody></table> “Impact on revenue from operations has been partially mitigated by higher focus on health and hygiene categories, the launch of new products, driving sales through new channels such as delivery platforms and e-commerce and aggressive monitoring of sales in GT channel,” said Dabur. The company’s share price dropped over a percent ahead of the earnings. <div type="image" title="Dabur Share price" msid="76036015" hostid="261"></div> "Continuing with our Dividend Payout policy, the Board has proposed a dividend of ₹1.60 per share, aggregating to ₹282.74 crore," said Dabur India’s Chairman, Amit Burman. Earlier, Dabur reportedly said<a href="https://www.businessinsider.in/business/corporates/news/dabur-fourth-quarter-results-and-share-price-chart/articleshow/75991489.cms"> it witnessed strong growth in enquiries and demand for Ayurvedic products</a> across its portfolio, which includes Chyawanprash, a dietary supplement⁠— based on Ayurvedic texts ⁠— that has everything from sugar, honey, ghee, Indian Gooseberry (amla) jam, sesame oil, berries to various herbs and spices.during the lockdown. The coronavirus pandemic has brought a massive change in consumer lifestyles— which saw a large shift towards Ayurvedic medicines and products, according to Euromonitor International. A wave of Indian consumers who prefer tags like organic and ayurvedic products are sweeping products like the Chyawanprash off the shelves. According to <a href="https://www.imarcgroup.com/about-us">IMARC</a>, India’s organic food market may grow at a compounded annual growth rate of 20% to $2.1 billion by 2024. SEE ALSO:<a href="https://www.businessinsider.in/business/corporates/news/dabur-fourth-quarter-results-and-share-price-chart/articleshow/75991489.cms" data-type="tilCustomLink"> Dabur Chyawanprash was in the minds of immunity-seeking Indians amid COVID-19 lockdown⁠— the earnings will show if they bought enough of it</a>

Chyawanprash-maker Dabur’s fourth quarter revenue takes a 12% hit⁠— the damage will be double in the next 3 months, warns management

<ul><li>A report by the Centre for Science and Environment (CSE) claims that most big Indian brands, including Dabur, Patanjali and Emami, are selling <keyword id="8464467" type="UNKNOWN" weightage="20" keywordseo="adulterated-honey">adulterated honey</keyword>. And that these brands failed an adulteration test carried out by a foreign laboratory. </li><li>10 out of 13 honey brands have failed the ‘purity test, the investigation by CSE reveals.</li><li>However, companies have refuted these allegations. In an email statement to Business Insider, Dabur said that “the recent reports seem motivated and aimed at maligning our brand.”</li><li>Indian billionaire businessman Acharya Balkrishan from Patanjali also called the report “a plot to defame Indian natural honey industry.” And, added that it might be a way of promoting German technology in India.</li></ul>Top branded honey producers in India, including Dabur, Patanjali, and Emami are allegedly selling adulterated honey with a modified sugar, according to a report by the Centre for Science and Environment (CSE). It claims that the big brands failed an adulteration test carried out by a foreign laboratory. However, the leading Indian brands have denied these reports calling them malicious and baseless; and that they comply with the guidelines laid down by the Food Safety and Standards Authority of India (FSSAI). In an email statement to Business Insider, Dabur said that the recent reports “seem motivated and aimed at maligning our brand. We assure our consumers that <keyword id="425049" type="PERSON" weightage="20" keywordseo="Dabur-Honey">Dabur Honey</keyword> is 100% Pure. It is 100% indigenous, collected naturally from Indian sources and packed with no added sugar or other adulterants.” The manufacturer of Zandu Pure Honey, Emami also said that its “honey conforms and adheres to all the protocols and quality norms/standards laid down by the Government of India and its authorized entities such as FSSAI.” Indian billionaire businessman Acharya Balkrishan from Patanjali has called the report “a plot to defame Indian natural honey industry.” He also added that it might be a way of promoting German technology in India. CSE investigates how the brands adulterated honey The CSE investigation reveals that the companies mixed the naturally acquired honey from bees with sugar syrup procured from rice, corn, beetroot, and sugarcane and passed them off as pure. It also added that almost all brands of honey being sold in Indian markets are adulterated with sugar syrup. The organisation said the repeated use of the terms fructose and glucose on Chinese websites prompted them to look at the imports of these from China.And, when they checked Union Ministry of Commerce and Industry export import database, the two of the FSSAI named syrups — rice syrup and golden syrup — could not be found. However, “Invert sugar” had an HS code but limited shipments. These are the findings: The adulterated honey passed tests of purity when first tested at the Centre for Analysis and Learning in Livestock and Food (CALF) at the National Dairy Development Board (NDDB) in Gujarat. However, when the same brands were tested using Nuclear Magnetic Resonance (NMR) laboratory tests, which is currently used globally to check for such modified sugar syrups – almost all big and small brands failed, the report said. <ul><li>77% of the samples were found to be adulterated with addition of sugar syrup.</li><li>Out of 22 samples tested, only five passed all the tests.</li><li>Honey samples from leading brands such as Dabur, Patanjali, Baidyanath, Zandu, Hitkari and Apis Himalaya, all failed the NMR test.</li><li>Only 3 out of the 13 brands – Saffola, Markfed Sohna and Nature’s Nectar (one out of two samples) — passed all the tests. </li></ul>CSE raises the red flag The director general of Centre for Science and Environment (CSE) Sunita Narain said, “It is a food fraud more nefarious and more sophisticated than what we found in our 2003 and 2006 investigations into soft drinks; more damaging to our health than perhaps anything that we have found till now – keeping in mind the fact that we are still fighting against a killer COVID-19 pandemic with our backs to the wall. This overuse of sugar in our diet will make it worse.” CSE also claimed that the Indian government might be aware of this adulteration and is not interested in digging it. “We filed an application under the Right To Information Act (RTI) We filed an application under the Right To Information Act (RTI) with the Imports Division of FSSAI. FSSAI has said it has sent the RTI application to another division but has not cared to say which one So, either FSSAI knows what is going on, and is not telling us—the consumers—or, it is fishing around to see if it can find the honey fraud and stop it,” the report added. <div type="image" title="new honey" msid="79545208" hostid="261"></div> Business Insider checked out the labels of <keyword id="3239929" type="PERSON" weightage="20" keywordseo="Patanjali-honey">Patanjali Honey</keyword> and Dabur Honey to check if it mentions Fructose-Glucose ratio, which needs to be under 0.95-1.5% by mass. However, the company does not reveal that detail on the label. The labels from both these companies did mention that there is no added sugar and the products match the FSSAI standards. Debunking ‘pure honey’ myths Pure honey is pasteurized but contains no added ingredients. Myth: You cannot test honey’s purity Fact: To test adulteration in honey, you can add a teaspoon of the honey in a glass full of water. The adulterated honey will dissolve quickly in the water, whereas the pure honey with a more dense texture will settle right at the bottom as lumps. However, the CSE claims that it even manipulated the first safety check at CSE, so it can easily deceive the home-based tests. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/top-stock-movers-ril-maruti-indigo-dhfl-spicejet-wipro-future-retail-and-others/articleshow/79541459.cms" data-type="tilCustomLink">Sensex, Nifty hit record high — these are the top movers in trade today</a> <a href="https://www.businessinsider.in/tech/news/india-may-reportedly-block-wikipedia-if-the-site-doesnt-delete-the-map-showing-aksai-chin-as-a-part-of-china/articleshow/79541391.cms" data-type="tilCustomLink">India may reportedly block Wikipedia if the site doesn't delete the map showing Aksai Chin as a part of China</a>

Dabur, Patanjali, and Emami decry a study that found what you buy is not all honey

<img class="gwt-Image" src="/photo/57533034.cms" /><a href="http://www.businessinsider.in/gst-to-be-rolled-out-by-july-1-this-is-how-it-will-be-different-from-uk-canada-other-countries/articleshow/57392589.cms">July</a> onwards, you might feel that the typical glucose biscuit that you relish with your cup of tea has gone lighter; and you’d have nothing but goods and <keyword id="645517" type="COMPANY" weightage="100" keywordseo="services-tax">services tax</keyword> (<a href="http://www.businessinsider.in/finally-gst-confirmed-for-julyrollout/articleshow/57465694.cms">GST</a>) to blame for that. 
 Earlier, <keyword id="1451240" type="UNKNOWN" weightage="100" keywordseo="Glucose-biscuits">glucose biscuits</keyword> used to be taxed differently than the cream or oat biscuits, but <keyword id="6354679" type="ORGANIZATION" weightage="100" keywordseo="GST">GST</keyword> has mandated them all to be taxed similarly. This has forced the biscuit manufacturers to cut corners, so that the customers don’t bear the burden of increased costs. 
 
Also read: <a href="http://www.businessinsider.in/GST-rate-slabs-are-set-Heres-what-is-getting-expensive-and-cheaper/articleshow/55226810.cms">GST rate slabs are set. Here’s what is getting expensive and cheaper</a> 
 "This category is absolutely price sensitive... we won't be able to pass on any increase in cost to consumers," Haresh Doshi, president of <keyword id="4266538" type="UNKNOWN" weightage="100" keywordseo="biscuit-manufacturers-welfare-association">Biscuit Manufacturers Welfare Association</keyword>, told ET. 
 
Meanwhile, the association has filed a petition with the Goods and Services Tax Council, requesting it to keep biscuits that cost less than Rs 100 a kg in the zero-tax bracket. 
 
Also read: <a href="http://www.businessinsider.in/britannia-amul-dabur-to-raise-prices-or-cut-quantities-in-packaged-products-heres-why/articleshow/57371088.cms">Britannia, Amul, Dabur to raise prices or cut quantities in packaged products. Here’s why</a> 
 
As of now, low-priced biscuits are exempted from central excise but have to pay <a href="http://www.businessinsider.in/Budget-2017-here-are-vat-rates-of-india-china-uk-germany-and-brazil-find-out-which-country-has-the-highest-rate/articleshow/56759073.cms">VAT in states</a>. 
 
"Dry fruit cookies and oatmeal cannot be taxed on a par with low-priced biscuits," Doshi said. 
 
He added that even though there has been a surge in the input costs, prices in this segment have never gone up substantially. While glucose biscuits retailed at Rs 40 per kg in 1996, they sell at Rs 70 per kg twenty years later. 
 
(Image source: ThatScoop)

Glucose biscuits set to go lighter, all thanks to GST

<ul><li><keyword id="44883" type="CITY" weightage="20" keywordseo="Maruti-Suzuki">Maruti Suzuki</keyword> reported a loss of ₹249.4 crore between April and June quarter compared to the same time last year. However, the street was expecting<a href="https://www.businessinsider.in/business/auto/news/maruti-suzuki-india-first-quarter-preview-sales-and-share-price-chart/articleshow/77216142.cms"> a 96% fall in its profit.</a> </li><li>The company’s total revenue was down over 79% to ₹4.1 crore.</li><li>The share price of the car major is still down over a percent post its earnings.</li></ul>India’s largest carmaker Maruti Suzuki reported a loss of ₹249.4 crore between April and June quarter compared to the same time last year. This is the first time in at least a decade that the carmaker has reported a quarterly loss. The company’s total revenue was down over 79% to ₹4.1 crore. “It was partially offset by lower operating expenses and higher fair-value gain on the invested surplus,” the company <a href="https://www.bseindia.com/xml-data/corpfiling/AttachLive/1f1ba134-3174-48a4-806a-6944f2c15d70.pdf">said in its filing to stock exchanges</a>. <div type="image" title="Maruti Profit" msid="77238693" hostid="261"></div> <table style="border-width: initial; border-style: none;"><colgroup></colgroup><col /><col /><tbody><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Maruti </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q1 (YoY) </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Revenue </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-79% </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Profit </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-82% </td></tr></tbody></table> The street was expecting<a href="https://www.businessinsider.in/business/auto/news/maruti-suzuki-india-first-quarter-preview-sales-and-share-price-chart/articleshow/77216142.cms"> a 96% fall in its profit.</a> The share price of car major is down over a percent after the earnings. <div type="image" title="Maruti Stock Price (1)" msid="77238712" hostid="261"></div> Indian automobile sector experienced a major setback in the wake of coronavirus induced lockdown, and Maruti wasn’t immune to this slowdown either. The quarterly sales for Maruti were down over 81%, while compared to the year earlier. <table style="border-width: initial; border-style: none;"><colgroup></colgroup><col /><col /><col /><col /><tbody><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Maruti </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">April to June 2020 </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">April to June 2019 </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Growth % </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Sales </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">76,599 </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">402,594 </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-81% </td></tr></tbody></table> SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/news/burman-family-owned-dabur-first-quarter-results-preview-sales-and-share-price-chart/articleshow/77234046.cms" data-type="tilCustomLink">Dabur Glucose and Chyawanprash to boost its immunity in the times of coronavirus</a> <a href="https://www.businessinsider.in/india/news/indigo-airlines-first-quarter-preview-and-share-price-chart/articleshow/77219527.cms" data-type="tilCustomLink">IndiGo’s ‘grounded quarter’ may lead to more loss than all the profit in the last three years</a>

Maruti records its first quarterly loss in at least a decade - lockdown pain drags revenues lower by 79%

Prime Minister <keyword id="6354477" type="PERSON" weightage="20" keywordseo="Narendra-Modi">Narendra Modi</keyword> on Wednesday will discuss and deliberate the economic vision and roadmap for the future, in a brainstorming session with stakeholders from banks and non-banking financial companies (NBFCs). The topics on agenda include credit products and efficient models for delivery, <keyword id="4826302" type="PERSON" weightage="20" keywordseo="Financial-Empowerment">financial empowerment</keyword> through technology, and prudential practices for stability and sustainability of the financial sector, the Prime Minister's Office said on Tuesday. The session comes in view of banking sector's role in contributing to India's economic growth through <keyword id="482396" type="PERSON" weightage="20" keywordseo="financing-infrastructure">financing infrastructure</keyword>, agriculture, and local manufacturing, including Micro, Small and Medium Enterprises (MSMEs). As per the PMO, financial inclusion can play a big role in financial empowerment through technology. Senior officers from the government will also be a part of the interaction that will most likely be held through video conferencing in view of the novel coronavirus pandemic which has badly hit the country, due to the over 68-day nationwide lockdown. On May 12, Modi announced a Rs 20 lakh crore economic package, equivalent to 10 per cent of India's <keyword id="6354971" type="DEFINITION" weightage="20" keywordseo="gross-domestic-product">gross domestic product</keyword> or Gross Domestic Product (GDP) to boost the economy. The Central government has also pushed several key reforms in the "factor markets", which roughly denote five economic determinants: land, labour, capital, technology and infrastructure. The Prime Minister's meeting with banks and NBFCs assumes significance in efforts to boost the economy which was already tumbling before Covid-19 struck on January 30. The GDP grew just 4.71 per cent in the October-December 2019 period, the slowest pace in six years. SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/news/burman-family-owned-dabur-first-quarter-results-preview-sales-and-share-price-chart/articleshow/77234046.cms" data-type="tilCustomLink">Dabur Glucose and Chyawanprash to boost its immunity in the times of coronavirus</a> <a href="https://www.businessinsider.in/tech/news/mark-zuckerberg-will-tell-congress-that-facebooks-acquisitions-are-good-for-competition-according-to-a-copy-of-his-prepared-remarks/articleshow/77231191.cms" data-type="tilCustomLink">Mark Zuckerberg will tell Congress that Facebook's acquisitions are good for competition, according to a copy of his prepared remarks</a>

PM Modi to hold meeting with top bank and NBFC chiefs to discuss economic roadmap

<ul><li>IndiGo reported its biggest-ever net loss of ₹2842.57 crore for the first quarter ended June 30.</li><li>The company's total loss this quarter is a lot more than its total profit in the last three years. </li><li>The company's total revenue took a massive hit during the lockdown and was down 92% YoY to ₹7,66.73 crore.</li></ul>InterGlobe Aviation, India's largest private airline, has reported its biggest-ever net loss of ₹2842.57 crores for the first quarter ended June 30. The company's total revenue took a massive hit during the lockdown and was down 92% YoY to ₹7,66.73 crore compared to ₹9,420 in the same period last year. The company's total loss in this quarter is 23% more than its total profit in the last three years. <div type="image" title="Indigo (3)" msid="77240514" hostid="261"></div> However, the street projected its loss to be somewhere around ₹2,431 crore. "The aviation industry is going through a crisis of survival, and therefore, our cash balance remains our number one priority. However, we also recognize that major disruptions offer companies opportunities for improvement in product, customer preference, costs and employee engagement. We have built a strong team which is working on multiple fronts to ensure that we emerge from this crisis stronger than ever," CEO Ronjoy Dutta said in <a href="https://www.bseindia.com/xml-data/corpfiling/AttachLive/62df169b-1b58-4992-a4cd-b3980b16dd8f.pdf">the company filings to the stock exchanges</a>. With the suspension of air travel for almost two months in the last quarter, IndiGo experienced a total washout quarter. Apart from the lockdown, the additional cost of operating in the times of coronavirus and the burden of aircraft rentals was piling up. Even, CEO Ronjoy Dutta himself admitted while laying off employees earlier last week. He said, "IndiGo is flying only a small percentage of its full fleet of 250 aeroplanes." Apart from travel restrictions, the budget carrier has faced additional challenges in the form of restricted ticket pricing, classified on the basis of flight duration, till August 24. Jet fuel prices have hit record highs in the past quarter because of the low demand and less air traffic. According to <a href="https://dgca.gov.in/digigov-portal/?page=4264/4206/sericename">Directorate General of Civil Aviation (DGCA)</a>, India's domestic air passenger traffic crashed over 43% in May on a year-on-year basis. It continued with a 50% dip in June even after the government eased restrictions on domestic travel. And, that is the reason Indigo's shares have not seen a rally in the past months. The shares of the largest domestic carrier is down over 15% since March 31, and is expected to remain low with no respite in sight for the COVID-led selloff in the aviation industry. <div type="image" title="IRCTC Stock Price (2)" msid="77240536" hostid="261"></div> The shares closed trade less than a percent lower ahead of its earnings. SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/news/burman-family-owned-dabur-first-quarter-results-preview-sales-and-share-price-chart/articleshow/77234046.cms" data-type="tilCustomLink" style="">Dabur Glucose and Chyawanprash to boost its immunity in the times of coronavirus</a> <a href="https://www.businessinsider.in/india/news/indigo-airlines-first-quarter-preview-and-share-price-chart/articleshow/77219527.cms" data-type="tilCustomLink">IndiGo’s ‘grounded quarter’ may lead to more loss than all the profit in the last three years</a>

You Searched For "Dabur Glucose" and got 9 results

Dabur Glucose and Chyawanprash to boost its immunity in the times of coronavirus

Navdeep Yadav

Healthcare and rural recovery to boost Dabur’s immunity in the second quarter

Navdeep Yadav

Dabur surges to record high as investors are optimistic about the ‘recovery play’

Navdeep Yadav

Chyawanprash-maker Dabur’s fourth quarter revenue takes a 12% hit⁠— the damage will be double in the next 3 months, warns management

Navdeep Yadav

Dabur, Patanjali, and Emami decry a study that found what you buy is not all honey

Navdeep Yadav

Glucose biscuits set to go lighter, all thanks to GST

BI India Bureau

Maruti records its first quarterly loss in at least a decade - lockdown pain drags revenues lower by 79%

Navdeep Yadav

PM Modi to hold meeting with top bank and NBFC chiefs to discuss economic roadmap

IANS

India’s largest private airline clocks more losses than the profits of last three years

Navdeep Yadav